Australia's Tesserent falls most in nearly a month on discounted share placement

Tesserent

28/09/2021 02:33

** IT security services provider Tesserent  TNT.AX  falls as
much as 8.5% to A$0.215, its worst intraday drop since Aug. 31
    ** Raises https://investors.tesserent.com/site/PDF/9289d3e0-d043-4ba8-b9a6-bf2991461c2d/Completesplacementtoraise25m
 A$25 mln ($18.15 mln) via issue of 119 million shares
    ** Issue price of A$0.21 per share, represents a 10.6%
discount to TNT's close of A$0.235 on Sept. 23
    ** TNT on a trading halt since Friday, Sept. 24
    ** Issued shares represent 11.2% of TNT's outstanding 1.06
bln shares, according to Refinitiv
    ** TNT hits lowest since Sept. 13; second biggest percentage
loser in the ASX All Ordinaries index  .AORD 
    ** TNT down ~30% this year, as of last close, vs a 12.3%
increase in the ASX All Ordinaries index 


($1 = 1.3778 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))